Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Winifroth has been bullish on kefi for over 6 years... issuing over 60+ buy recommendations in that time and concurrently experiencing a 99% drop. tw is just plainly utter tripe when tipping stocks. he should stick to his niche of highlighting dodgy outfits.
31st October:
"Progress on all fronts maintains the plan to launch the high-grade Tulu Kapi Gold Project (2.1g/t gold open-pit Ore Reserve plus 5.6g/t gold underground Mineral Resource) before the end of 2023"
10th January
"Full Project launch, including funding drawdown, is on course for H1 2024, subject to..."
Then having the bare faced cheek to title an RNS "Significant progress" and at the same time chuck in another totally unexplained six-month delay from a quarter ago.
If HAA had a single atom of integrity he would walk, if he had any shame at all he would go. Every RNS contains straight-up lies.
Bargepole stock personified
Psalms 12:1-4
Everyone talks in lie language; Lies slide off their oily lips. They doubletalk with forked tongues.
And how easy it is to dupe and strong along such sheepy kefi shareholders. He's mastered the art of kicking the can over and over again.
For example...
21 November 2022
KEFI (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce that the updated US$320 million Tulu Kapi Gold Project ("Tulu Kapi" or the "Project") costings and finance plan has now been agreed by all the Tulu Kapi syndicate lead contractors, investors and lenders. It is currently being processed for final reviews and entry into definitive documentation to be signed as soon as possible, with the expectation to achieve this next month.
"Today's important milestone of the debt and equity leads approving the finalised finance plan allows all the respective Boards to formally approve the definitive documentation. I am pleased to report the Project is now up and away."
====
and today's rehashed b/s means well over a year on from the above RNS the Company is now saying at least another SIX months for finance approval, so that will be getting on for TWO years from the above update.
Only the stupid and super gullible can possibly defend or justify that statement, particularly the last sentence, and say that it wasn't utterly misleading bordering on the criminal?
How does this stuff get ignored so easily by the idiots that can see no wrong in Harry's games ?
KEFI aregoing to appoint new CEO.... ?
Noel Edmonds is the front runner. However, as Kefi have had a Mr Blobby type character running it for over a decade, and has caused, in true Mr Blobby fashion, nowt but mayhem (to the share price)... critics are pointing out that hiring Edmonds is just as bad with his sinister links to Mr Blobby himself.
In Ethiopia, uncertainty is the word for 2024. The country continues to grapple with crises in Tigray, Amhara, Oromia and Somali region. It is also on the brink of another war with Eritrea over the Pretoria agreement and the Prime Minister Abiy Ahmed’s brutal approach to Ethiopia’s need to secure access to the sea. The recent MoU with Somaliland has already created a crisis with Somalia.
Ethiopia is also facing an unprecedent economic crisis and religious tensions.
Regional tensions are also likely to continue between Ethiopia and Eritrea, with the risk of an open conflict following the declarations of PM Abiy that there were “historical and legal mistakes” that deprived Ethiopia of access to the sea. There are also reports that Eritrea has been training the Amhara militias known as the Fano.
theeastafrican.co.ke/tea/news/east-africa/2024-comes-with-dangers-opportunities-in-greater-east-africa-4485232
Cont..
Because they were in a dark hole, not at some police station in Addis Ababa, there was an alarm once they couldn’t be traced. The beleaguered AfDB fellows called their chief, Akinwumi Adesina. He is a man who has direct lines to presidents, so he called Abiy (in photo Adesina and Abiy in Addis), and the two were released.
They were taken to a UN clinic for treatment and days later evacuated out of Addis Ababa. This latter story of their abduction, being blindfolded, and thrown into a dungeon is likely the truth, because it rises to the level of the traumatic experience that would lead the victims to want out of Addis on the next plane, and to scare the AfDB enough into withdrawing its international staff.
These pan-African institutions like AfDB, the African Union, and others, have a high pain threshold working on the continent. It is called the “This is Africa thick skin”. You have to work very hard to send them into flight.
The incident also gave an unexpected glimpse into PM Abiy’s fragility. That something like that could happen, and he could only intervene after the fact, suggests that he might not be the undisputed king of the Ethiopian hill.
-Charles Onyango-Obbo X@cobbo3
Cont..
One of the most revealing accounts of the incident was by .
@neby_G
. - “The arrest and attack was done by the security guards of the
@MoF_Ethiopia
after the 5.2 million dollars of Ethiopia’s yearly contribution to the bank was never deposited to the bank instead ended up in a bank account in Panama. When the Ethiopian director of .
@AfDB_Group
made it clear that the bank still hadn’t received the funds, he was arrested and physically attacked. When he decided to take all his foreign staff and leave the country out of safety concerns,
.
@AbiyAhmedAli
and the finance minister Ahmed Shide showed up at his house to convince to stay only for him to recognise the Finance minister’s security guards as the perpetrators of his arrest and attack. He refused to stay and has left the country. An “investigation” has been opened by the
@MoF_Ethiopia
to find the whereabouts of the 5.2 million dollars”, he wrote.
New information now suggests that Kamara and Bukenya committed the sin of being diligent and persistent. The two had been sending regular reminders to the Ethiopian Ministry of Finance to pay capital share contributions that Ethiopia had pledged in 2019.
However, the Ministry of Finance had been making the payments, except not to AfDB. It was making disbursements to an account listed in an email purported to be from the AfDB. It had wired $6 million (not $5.2 million) to that account. It turns out, according to these claims, that the account was somewhere in Mexico (not Panama). In any event, whether in Mexico or Panama, the money ended up in central/south America.
The beating of Kamara and Bukenya, therefore, wasn’t a result of an argument in the lift. It was premeditated. As the good folks of East Africa say, they had stepped on some big people’s plates, and needed to be discouraged from pursuing the matter further. It was, ultimately, a fool’s endeavour for the crooked Ethiopian officials, because the money wasn’t owed to Kamara and Bukenya’s private estates. Many fellows in Abidjan would see that it hadn’t landed on their account.
The latest accounts also allege that the incident didn’t happen at the Ministry of Finance. Kamara was reportedly waylaid at his gate in the dusk of Addis Ababa as he arrived home after work.
He was roughed up there, blindfolded, and thrown into a car full of armed men. They drove away with him, and after about 30 minutes, dumped him in a dungeon. Shortly after, Bukenya, who had been subjected to the same treatment, was also brought to the dungeon. Bukenya would likely have recognised it quickly as what Ugandan official torturers euphemistically and contradictorily call a “safe house” back home.
Bukenya was allegedly later taken to his home, where his captors carried out a thorough search, and confiscated laptops and phones. All the receipts, as it were.
cont..
AfDB ‘Crisis’ Reveals Danger of Chasing Crooks in Ethiopia – and Abiy’s Achilles Heel
(A news version was published as “$6m Fraud Enquiry at Centre of AfDB Staff Assault in Addis Ababa” in THE EAST AFRCAN yesterday: theeastafrican.co.ke/tea/rest-of-africa/-6m-fraud-enquiry-at-centre-of-afdb-staff-assault-in-addis-ababa-4472938)
Pan-African premier lender African Development Bank (AfDB) on Wednesday announced it was pulling out all international staff from Ethiopia, following a "serious diplomatic incident" in which its staff were attacked by security officers.
The Abidjan-headquartered lender said that existing Ethiopian staff will continue working under its employment contracts and their Ethiopian office manned by an officer-in-charge. International staff will work remotely in the meantime.
The AfDB's decision followed what it called a "breach of diplomatic protocol and assault" by Ethiopian security officers on two of its international members of staff, who have diplomatic immunity, in Addis Ababa on October 31, 2023. In addition to the assault, they were arrested, and detained for hours without charge or any official explanation, the bank said. The assault was carried out by security officers at Ethiopia’s Ministry of Finance, during a visit there by the AFDB’s Deputy Director General of the East Africa region also Country Manager Dr Abdul Kamara (in photo, before and after the assault), and another bank staffer.
Ethiopian Prime Minister Abiy Ahmed had to personally intervene to have the two freed. Various reports say the attacks were engineered by a senior government official at the Ministry of Finance, who was annoyed with the nagging of the AfDB staff over accountability for some disbursed funds.
Many aspects of the incident remain shrouded in mystery. With snooping around, more details are beginning to emerge. The second AfDB official who was beaten up, is John Bosco Bukenya, who was Principal Country Programme Officer.
cont..
"huge company"
lol !!
it's primarily a real estate outfit. and even then has poxy revenue of around $85m... and that's just revenue.
Matt Berry's dad.
And only if they followed this holy advice :
“Do not join those who drink too much wine or gorge themselves on meat” (Proverbs 23:20).
And Shania Twain warns "Don't Be Stupid !!"
Why not you give it a rest telling others to give it a rest
"It’s rather tiresome."
LIKE FAT HARRY'S perpetual broken timelines
LOL.. how many mortgages get govt support ? do you think signing mortgages that have government support would get prolonged for ever and ever ?
how many mortgages promise to be completed by multiple dates... but never happen unless they fall through ?
This garbage company lead by the fat morbidly obese aussie has stated via rns multiple times that the finance would be signed... over and over again.. in the past 5+ years... never to materialise.
comparing it to a mortgage is desperate indeed... except if you compare it to mortgages that fall through..
And more..
= and
I do hope that this financing is sorted soon but are starting to have doubts.
Cannot believe the number of presentations we have had with many more to come.
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Go through 2023 RNS's they are named so quite easy to pick out. You'll notice the pattern of throwing out the same presentation with a new date straight away.
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Be interesting to see if the presentation is a rinse and repeat of the multiple presentations we had in 2023 which had the same slides every time with no additional new information. That would not be acceptable now.
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That will be a worry Ben if that's the case, do you have a copy of the last presentation to compare it
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why can't we just have a clear understanding of what needs done and what if anything is holding this up
they were caught out with saying about the bank approvals in November then they hadn't started until 7th Dec etc.
no wonder they can't and won't answer those questions properly
repay the shareholders for the years and years of sticking this out
not that they give the slightest of fu^^^ks tbf
== and
Yeah unfortunately I think you've hit the nail on the head
From staunch fans :
there just needs to be an end in sight
no more smokescreens, fob offs, bs etc
what are we actually waiting on now? it's the approvals from the banks right, credit approvals?
they needed 2 more weeks at end of Nov, and it's now start of January
It's still not clear exactly what held the approvals up, but it was touched on that the site was not sufficiently ready
the government apparently stepped in quickly to sort this
= and
I don’t know if wanna know tbh Steve, it’s either good news via an RNS for the SP is going lower
I’m fed up reading details
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Most shareholders been here a couple of years or more and down 75%. Not what we expected when we invested.
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If no announcement then q&a will have fu&**ck all
Just like ones before, disdain for any shareholders not happy will be the usual response
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I'm just sick of it now
there needs to be more transparency
which they seem to never give us
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I think if there was more transparency, no one would have invested! 🤣
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If they can't unlock funds by getting the credit approvals (and resulting warrants etc due to a rerate) in Jan or Feb at the very very latest, then a placing is inevitable
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As personal deadlines. I set myself several based on Harry which Ben has pointed out and I was too lenient.. placement or signing is my hard line now. Issue is that they seem to have let the timing issue slip away into the new year pretending no timeframe was given.
= and
Just how many deadlines have come and gone already?
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All of them! lol.
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Not sure if it is yet or not but there has to be a hard deadline at some point. The question is whether you wait for the placing and thats the deadline (and suck up inevitable nasty loss) or hope signing comes before
= and
Unfortunately what appears to be happening with Kefi is the same nonsense misinformation we have seen time and time again. I do wonder if Harry was pitching at a Dragons Den episode, if any of the Dragons would invest😔
"Whilst all parties commit at launch, equity gets used first and debt accessed about 9 months later."
PLACING is happening, in other words
All these Q & A's seem to be rehash of previous ones, which were rehash of ones previous to those etc etc. Seems smart aleck at kefi just runs them through chatgpt requesting a rewording and rephrasing..... knowing the kefi muppets will fall for it hook/line.... it's then posted on the website ... which the lemmings read/copy/paste .... and left feeling that something 'new' has been reported.